News

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Sunday that it conducted 117,812 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) has won the ‘Best Islamic Bank’ and the ‘Most Innovative Digital Bank’ award 2020, at the 8th International Finance Award (IFA) which highlights the achievements of all banks providing outstanding services across areas of innovation, infrastructure development and customer focus. The winners will be honoured during a ceremony due to be held early ...

DUBAI / WAM The Dubai International Financial Centre (DIFC) Courts has launched a new Arbitration Working Group, the first court in the region to introduce such an initiative. The panel of experts will be tasked with reinforcing and sharing developments and best-practices, encompassing an advisory team of arbitration professionals, bodies, centres, educational institutions, and industry-related organisations. Since its inception, the ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a congratulatory cable to HH Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on the occasion of his inauguration as Emir of Kuwait. “We congratulate you on the precious confidence and your assumption of the reins of power in the sisterly State of Kuwait at this important stage ...

Abu Dhabi / WAM Mubadala Investment Company, one of the world’s largest global investors, and Silver Lake, the global leader in technology investing, on Wednesday announced they are building on their existing relationship by establishing a long-term investment strategy led by Silver Lake and supported by a $2 billion investment from Mubadala. The new strategy has a unique 25-year deployment ...

ABU DHABI / WAM Expats’ remittances from the UAE amounted to AED79.6 billion in H1-2020, according to figures released by the central bank of the United Arab Emirates. These account for 48.2 percent of the total money transferred by foreign residents in the country during 2019, which totaled AED165 billion. India took home the crown as the top-receiving country for ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Wednesday that one of its new trading entities, Adnoc Trading, has started derivatives trading as a direct market participant. This represents a major milestone for the company, as it moves from being a traditional marketer of its products to a more sophisticated global trader. Adnoc has incorporated ...

Abu Dhabi / WAM Renewable energy continues to bring socio-economic benefits by creating numerous jobs worldwide, according to the latest figures released by the International Renewable Energy Agency (Irena). The seventh edition of Renewable Energy and Jobs – Annual Review shows that jobs in the sector reached 11.5 million globally last year, led by solar PV with some 3.8 million ...

DUBAI / WAM Statistics released by Dubai Customs have revealed that Dubai’s external trade in coffee generated AED3.5 billion in the last ten years. Dubai acts as a central logistic hub linking markets in the Middle East and Europe with coffee manufacturing countries such as Ethiopia, India, Indonesia, Uganda, and Vietnam. The statistics are released to coincide with International Coffee ...

Dubai / WAM Emirates Airlines has announced it introduced self check-in and bag drop kiosks for a more seamless airport experience at Terminal 3, Dubai International Airport. According to Emirates, the service is now available to customers travelling to all destinations except to the US, Canada, China, India and Hong Kong due to additional requirements from these destinations. The 16 ...